Question:
Discuss any two benefits accruing from human capital formation.
Discuss any two benefits accruing from human capital formation.
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Investing in human capital enhances productivity and drives technological progress, boosting long-term economic development.
Updated On: Oct 3, 2025
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Solution and Explanation
Enhanced Productivity: Human capital formation through education, training, and health improves the efficiency and productivity of workers, contributing to economic growth.
Technological Advancement: A skilled and educated workforce fosters innovation and adoption of advanced technologies, leading to improved industrial and economic performance.
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